Boards Can Balance Profit & Social Purpose
Influential corporate law judge Leo Strine discusses the role directors, investors and executives can play in curtailing income inequality and strengthening societal good.
The continued undervaluing of employees has brought corporate America to a precipice, and in order to keep the economic system from buckling, institutional investors, management and boards need to look in the social-purpose mirror, says the nation’s most influential corporate law judge.
The economic pie has grown considerably, says Delaware Supreme Court Chief Justice Leo Strine, but the rank and file’s share is much less than it was 30 years ago, which affects the community at large. That’s led to more income inequality and less satisfaction, and is the result of actions by large investors and corporate leaders.